Aristeia Capital L.L.C. Acquires 20,153 Shares of PBF Energy Inc. $PBF

Aristeia Capital L.L.C. lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 48.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,662 shares of the oil and gas company’s stock after buying an additional 20,153 shares during the quarter. Aristeia Capital L.L.C. owned about 0.05% of PBF Energy worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 589 shares in the last quarter. Torren Management LLC bought a new stake in PBF Energy in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy during the fourth quarter valued at about $31,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy during the fourth quarter valued at about $57,000. Finally, Global Retirement Partners LLC boosted its position in shares of PBF Energy by 3,354.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 2,147 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

Shares of NYSE PBF opened at $37.69 on Thursday. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.13 and a beta of 0.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. PBF Energy Inc. has a fifty-two week low of $20.98 and a fifty-two week high of $52.18. The firm’s 50-day simple moving average is $41.19 and its 200 day simple moving average is $37.51.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the firm posted ($3.53) earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that PBF Energy Inc. will post 7.69 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 100,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00. Following the transaction, the insider directly owned 18,117,698 shares in the company, valued at approximately $782,141,022.66. This trade represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James E. Fedena sold 77,085 shares of PBF Energy stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $49.60, for a total transaction of $3,823,416.00. Following the transaction, the senior vice president directly owned 139,016 shares in the company, valued at approximately $6,895,193.60. This represents a 35.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,136,225 shares of company stock valued at $247,811,451 over the last three months. 5.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on PBF shares. The Goldman Sachs Group assumed coverage on PBF Energy in a research report on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price for the company. Mizuho raised their price objective on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research downgraded PBF Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank upped their target price on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Reduce” and a consensus price target of $36.46.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.